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Zimbabwe FDI Doubles

Foreign direct investment to Zimbabwe doubled in the first half of 2017 compared to the same period last year following President Mugabe’s clarification of the National Indigenization and Economic Empowerment Policy, and on the back of ease-of-doing-business reforms, Sundaymail online reported. A significant portion of that investment came from non-traditional sources like Bulgaria, Pakistan and Singapore. Figures from the Zimbabwe Investment Authority show that approved investments and joint ventures accounted for $609 million compared to 2016’s $305 million. Mining topped the list with investments worth $264 million, a marked leap from the $50 million deals approved between January and June 2016.